Skip to content

Delivery date

Delivery date or settlement date is the actual date when the foreign conversion payments for FX transactions usually take place. Spot FX transactions usually settle two bank business days after the actual transaction took place because of the cross-border nature of payments, checks and reconciliations that are necessary to settle one currency vs. another.  Forward FX and other FX derivatives transactions settle on-dates agreed bilaterally between parties of the contract.

Related Posts

Payment Due Date

Due date or payment due date is the date when a financial institution expects to receive the payment. In case of HedgeFlow products “Due date” means...

Cross-border payments

Cross-border payments are transactions between individuals, companies, or other institutions, where the payee and the transaction recipient are based...

Foreign currency transaction

Foreign currency transaction is a transaction that requires settlement (payment or receipt) in foreign currency. Companies working with foreign...